US ISM Services PMI dropped slightly from 56.9 to 56.7 in September, above expectation of 56.0. Looking at some details, business activity/production dropped from 60.9 to 59.1. New orders dropped from 61.8 to 60.6. Employment Read more…
The e-commerce giant has just made a decision that suggests the health of the economy is not improving. Tech giants don’t bring good news for investors. While the markets are looking for reassuring news on Read more…
In the last couple of days, the Euro has been drifting higher, back towards parity. It comes at a somewhat curious juncture, considering the context in the UK. Though, it should be pointed out that Read more…
Daily Pivots: (S1) 144.06; (P) 144.67; (R1) 145.17; More… USD/JPY is staying in consolidation from 145.89 and intraday bias remains neutral. Further rally is expected as long as 139.37 resistance turned support holds. Break of Read more…
Daily Pivots: (S1) 0.9741; (P) 0.9842; (R1) 0.9898; More… USD/CHF is still bounded in consolidation from 0.9964 and intraday bias remains neutral. Outlook is unchanged that further rally is in favor as long as 0.9694 Read more…
Daily Pivots: (S1) 1.1159; (P) 1.1247; (R1) 1.1408; More… Intraday bias in GBP/USD is turned neutral with current retreat. On the downside, break of 1.1023 minor support will indicate that rebound from 1.0351 is over. Read more…
Daily Pivots: (S1) 0.9862; (P) 0.9930; (R1) 1.0055; More… Intraday bias in EUR/USD is turned neutral first with current retreat. On the downside, break of 0.9734 minor support will suggest rejection by 55 day EMA Read more…
This week’s rebound in global stock markets is losing momentum, as major European indexes and US futures are trading lower. Dollar recovers and lead Yen and Swiss Franc higher. Meanwhile, the rebound in Sterling also Read more…
US ADP private sector employment grew 208k in September, slightly above expectation of 200k. BY sector, goods-producing jobs dropped -29k. But service-providing jobs rose 237k. By company size, small establishments added 58k, medium added 90k, Read more…
Stocks are down Wednesday following a two-day rally that had pulled Wall Street out of the September slump. Stocks were down Wednesday following a two-day rally that had kicked off the the final quarter of Read more…